For the case study attached below: answer the following questions 1. Provide a brief description of the key areas of law dealt with in the case study. Your answer must be given in full sentence/s, not bullet points.2. What presumption does the courts make when looking at a contract between family members, friends etc. compared to those entered into in acommercial setting?3. Explain the requirements that must be met in order for Katharine and Joanna to be protected from any exemption clauses they wish to apply.4. After some time Joanna finds out that Katharine has started selling goods at a lower cost to clients they share. Joanna would like to know whether shecan step away from the contract without much difficulty.5. Explain the concept of consideration under contract law.6. In which court would the two cases mentioned here be heard? Provide a short explanation of a fast track claim.

Katharine Heights and Joanna Weaver had been competitors in the area of classical dance clothing for the last twenty years and as a resu are often sought after by the same dance companies to make their uniforms for dance competitions. In recent years with the interest in classical dance and the variety of dance studios increasing they realised it made sense for them to work together on various projects as it was not always possible to meet the demands of the customers alone. Given the nature of their business they are trying to ensure that they are protected from some of the issues that are typical when workinl with dancers and dance companies in particular. They have included an exemption clause regarding returns of worn goods and regarding injury (particularly for ballet dancing shoes)